ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro and Summary What happened in the housing market in August, 2024? Financial markets quickly threw out a major downgrade from Citigroup for the housing sector. Hopes for rate cuts from the Federal Reserve continued to impact both the data and stock prices. While the on-going decline in mortgage rates has failed to … Read more
Question. When an analyst lowers the price target on a stock to a level still substantially higher than the current price, what do you expect to happen? What if that price target comes with a downgrade from buy to neutral? If you answered lower, you win a prize… a discounted price on homebuilder stocks. A … Read more
Housing Market Intro and Summary What happened in the housing market in April, 2024? After four months of growing more positive, home builders proceeded into the spring selling season thanks to drag from the South. In my previous Housing Market Review, I pointed out a positive start to the spring selling season. April painted a … Read more
Housing Market Intro and Summary What happened in the housing market in February, 2024? Breakouts and bottoms happened. In my previous Housing Market Review, I posited the possibility of a top in the seasonal trade on home builders. In the subsequent month, the stocks of home builders took on new life as investors forgot about … Read more
Housing Market Intro and Summary In recent months, the housing market experienced several impacts from declining mortgage rates. An accelerating improvement in consumer and builder sentiment point the path toward a strong spring selling season despite on-going issues of affordability and inventory availability (in the existing home market). While housing starts pulled back from November’s … Read more